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CRIME DEFINITIONS
Employee Dishonesty
Bond - Blanket Basis
This bond covers
losses sustained by you due to fraudulent or dishonest acts of
employees. The policy covers loss of money, securities or other
property real or personal due to such acts. It covers loss caused by
one or more employees up to the face amount of the bond.
Forgery Or
Alteration Coverage
This coverage
protects you against loss due to the forgery or alteration of
checks, bank drafts, promissory notes, or other similar financial
instruments drawn against your bank account. It does not however
cover dishonest acts of your employees, which must be insured with
Employee Theft Coverage.
Theft Of Money And
Securities - Inside The Premises
This coverage is
used to insure against loss of money and securities caused by theft,
disappearance, or destruction while located inside your premises or
banking premises. It also covers damage to premises resulting from
actual or attempted theft. It insures only money and securities and
not other types of property.
Theft Of Money And
Securities - Outside The Premises
